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Hong Kong market overview | The three major indices surged and then fell back, with the Hang Seng Index rising by 0.32%; the tech and Apple Supplier stocks performed well, with Baidu up nearly 4% and COWELL rising over 6%.
Network Technology stocks are mostly rising, Baidu Group-SW is up by 3.85%, NTES-S is up by 2.11%; Apple Supplier stocks are up, COWELL is up by 6.11%, FIH is up by 4.23%; Lithium Battery stocks are rising, LEOCH INT'L is down by 3.21%, HONBRIDGE is up by 2.50%.
Hong Kong Stock Midday Review | All three indexes rise, the Tech Index rises nearly 2%; tech stocks and Mainland Real Estate stocks strengthen, Baidu rises over 5%, RADIANCE HLDGS surges over 43%.
Most Network Technology stocks rose, with Baidu Group-SW up 5.33% and NTES-S up 3.41%; Macau Casino stocks generally rose, with MELCO INT'L DEV up 8.94% and SANDS CHINA LTD up 4.85%; Mobile Game stocks generally rose, with Bilibili-W up 3.69% and NTES-S up 3.41%.
【Brokerage Focus】HTSC: The demand for Electric Vehicles in Q1 is not weak despite being a seasonal lull, and it is expected that most companies in the lithium Industry Chain will see increased volume and stable profits.
Jinwu Financial News | HTSC stated that according to the Passenger Vehicle Association, the retail volume of domestic New energy Fund Passenger Vehicles in Q1 2025 reached 2.421 million units, a year-on-year increase of 37.2%. According to the Battery Alliance, the battery sales in China for Q1 2025 reached 285.8 GWh, a year-on-year increase of 73.7%. The demand shows a phenomenon of not slowing down in the off-season, and the production capacity utilization rate of lithium battery Industry Chain enterprises is generally higher than the same period last year. The increase in capacity utilization and the slowdown in new capacity are tightening the supply and demand margins, providing support for profitability. The bank expects that most lithium battery Industry Chain enterprises will see increased volume and stable profits in Q1 2025, with iron-lithium and negative electrode segments possibly performing more prominently. Among new technologies, Solid State Battery.
Quick look at the Hong Kong market | All three major indexes rise, with the tech index up over 3%; Robot Concept and Dining stocks perform brilliantly, with YUM CHINA up over 10% and Yujiang up nearly 18%.
Network Technology stocks rose across the board, XIAOMI-W climbed 6.87%, Alibaba-W increased by 5.45%; Dining stocks advanced, YUM CHINA rose by 10.35%, Naixue's Tea increased by 4.21%; Apple Supplier stocks also rose, COWELL increased by 7.23%, AAC TECH rose by 6.43%.
Hong Kong Stock Midday Review | The three major Indices are fluctuating at high levels, with the Tech Index rising over 3%; tech and Autos stocks are strong, with Alibaba up nearly 6%, and both Xiaomi and XPeng rising over 6%; Mixue Group rose over 10% to
Network Technology stocks generally rose, XIAOMI-W increased by 6.42%, Alibaba-W rose by 5.82%; Lithium Battery stocks all went up, BYD Company rose by 5.48%, BYD Electronics increased by 4.40%; Dining stocks performed brilliantly, YUM CHINA rose by 9.27%, Naixue's Tea increased by 4.21%.
[Brokerage Focus] CITIC SEC: The Shanghai Auto Show has opened and is expected to provide a strong catalyst for the Solid State Battery Industry.
Jinwu Financial News | CITIC SEC Research Reports indicate that the Shanghai Auto Show is about to open and is expected to strongly catalyze the Solid State Battery industry. Meanwhile, industry advancements are accelerating, and CITIC SEC determines that the signals of policy support will further strengthen. The report suggests that by 2025, high-end applications of Solid State Batteries in humanoid robots, eVTOL, and Consumer Electronics are expected to further expand, propelling the Solid State Battery materials industry into a period of rapid development. Solid electrolytes are the core increment, and attention is recommended on low-positioned stocks with leading progress on the materials side and tight connections with the industry.